NetApp Inc. (NTAP) is trading higher on a positive note from Barron's as to why the storage device maker can gain up to 25% this year. The company generates annual free cash flow (FCF) equivalent to 14% of its market capitalization. Its FCF yield of 14% in comparison to 9% for tech giants Apple and Microsoft is a feat in itself.
Following all the glowing retail sales reports for Christmas, the actual numbers reported today show a mere .1% rise. Excluding autos which rose 1.5%, retail sales actually declined.
MarketWatch reports U.S. retail sales rise scant 0.1% in December
Sales at U.S. retailers increased 0.1% in December, the government said Thursday, in a report that bucked expectations of stronger sales during the holiday period.
Frederic Ruffy submits: SentimentThe major averages are modestly lower following two days of grim housing data. The day after a report on Existing Home Sales showed a surprise drop in May, the latest New Home Sales report also disappointed to the downside. The data, released at 10:00 a.m. ET, showed New Home Sales falling 33 percent and to record lows of 330K (annualized) in May, which was significantly worse than the 430K that economists had expected.